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4 years ago

Why is a double entry accounting system so called?

1 answer:

7 0

<span> based on the fact that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the equation Assets = Liabilities + Equity, in which each entry is recorded to maintain the relationship.</span>

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As an accountant for hartley enterprises, you are responsible for preparing the statement of cash flows. you have transactions f

Ganezh [65]

"Cash flow from financial activities" is the heading." This section of the cash flow statement displays all of your company's financing activity, including equity, loan, and dividend transactions.

<h3>What is cash flow statement?</h3>

A cash flow statement is a financial statement that outlines all cash inflows a company receives from ongoing operations and outside investment sources.

It also includes all cash outflows for business and investment operations over a set period of time.

Thus, "Cash flow from financial activities" is the heading.

For more details about cash flow statement, click here

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5 0

3 years ago

During 2009, Accent Toys Plc., which began business in October of that year, purchased 15,000 units of a toy at cost of $10 per

telo118 [61]

Answer:

$183,000

Explanation:

The computation of the cost of goods sold using the FIFO method is shown below:

= Number of units purchased × per unit + additional units purchased × per unit

= 15,000 units × $10 + 3,000 units × $11

= $150,000 + $33,000

= $183,000

Since there are 18,000 units are sold

out of which 15,000 are at $10 and the remaining 3,000 units are at $11 and the same is to be considered

5 0

3 years ago

If a company spends $14.4 million to install refurbished footwear-making equipment with capacity to produce 1 million pairs of a

Margaret [11]

The annual depreciation costs at that facility will rise by 10% or $1,440,000.

<h3>Annual depreciation costs</h3>

Life of the equipment = 10 Years

Salvage value = 0

Annual Depreciation= (Cost of equipment - Estimated salvage value) / Estimated useful life

Annual Depreciation= ($14.4 million- 0) / 10

Annual Depreciation= $1,440,000

Annual Depreciation= $1,440,000/$14,400,000 ×100

Annual Depreciation= 10%

Inconclusion the annual depreciation costs at that facility will rise by 10% or $1,440,000.

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4 0

3 years ago

Can regional level employment be converted into national level<br>employment? Why? Why not ?

Rainbow [258]

Answer:

The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.

Explanation:

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6 0

3 years ago

Organizational commitment is defined as ________. A. the employee's degree of disagreement or differential opinions about orga

Alika [10]

Answer:

C. the degree to which employees identify with the organization they work for and its goals

Explanation:

Organizational commitment -

It refers to the bond or the commitment , that the employees have with the organisation , is referred to as organizational commitment .

As the committed employees have a good bond with the company , and tries to work hard and efficiently with the company , in order to grow and be successful .

Hence , from the given question ,

The correct option is c.

3 0

3 years ago